Finance for Non-Financial Managers

£850.00
£650.00
  • 1 day
  • Theory and Practical
  • Select a venue

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  • Course Overview

    This Managerial Accounting Course has been designed for anyone interested in getting to grips with the basics of accounting theory, and who wish to acquire some insight into the accounts produced within a variety of business organisations.

  • Course content

    Financial accounts

    • Profit and loss accounts and how to understand them
    • Reading an income and expenditure account and analysing the finance flows within your organisation
    • Cash and accruals accounting showing how each is used
    • Terminology associated with income and expenditure accounting
    • Communicating effectively with finance professionals
    • Analysing trends in financial flows and formulating appropriate questions
    • Reading a balance sheet and analysing the financial position of the organisation
    • How an asset register is used
    • Analysing your accounts
    • Constructing a cash flow statement from narrative information
    • The different rules for charity accounting under the Charity SORP and the presentation of company and housing association accounts

     

    Management accounts

    • The budgeting process
    • How budgeting relates to strategic objectives and good governance
    • Constructing a budget
    • Estimating costs and income accurately for budget purposes
    • Using management accounts to understand the past and forecast the future
    • Cost centres – understanding how they are used in your organisation
    • Nominal, purchase and sales ledgers
    • Using benchmarking in constructing a budget
    • Distinguishing between fixed and variable costs
    • Using the concepts of break-even pricing
    • A template to forecast the effects of changing costs, sales volume and price
    • Evaluating opportunity costs
    • A year of free support
  • Next Running Dates

    Virtual Live Classroom

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  • Awarded By

    Informal assessment will take place through group discussion, class room activities, and questions and answers sessions as guided by your tutor.

    Course Completion Certificate awarded by Acudemy.

    Everyone who completes the course gets:

    • A certificate (Accredited certificate and on success of your assessments where applicable)
    • A manual as your resources tool
  • FAQs

    Who’s it for?

    This course is for managers, board members and budget holders across all sectors who need to know about organisational finance to help improve the profitability and performance of their business. Finance skills for non-financial managers are suitable for people who have little or no knowledge of finance.

    What are the Course Requirements?

    There are no prerequisites or entry requirements, as long as you want to get more experience in the field of finance, this is the right place for you.


    What will be the Career Path?

    • Finance and Management roles
    • Project Manager
    • Manager


    Are any Financial Options Provided?

    • 0% Interest Free payments available.

     

    What is provided with the Course?

    • Course Material
    • Recording of Training
    • Aftercare Course Support